Birla Corp plans ₹4,335 Cr expansion to 27.6 million tons capacity by 2029
The expansion plans and capacity increases represent a significant investment and are likely to have a substantial impact on the company's future performance.
The company is undertaking significant expansion plans, has reduced debt, and is seeing growth in sales and efficiency.
* Birla Corporation's cement division maintained 91% capacity utilization and 2.5% sales growth despite pricing pressure. * Premium product sales grew by 11%, with Perfect Plus growing 15%. * Mukutban plant is contributing meaningfully to profits. * Birla Corporation and RCCPL approved ₹4,335 crore investment to increase capacity from 20 million tons to 27.6 million tons by 2028-29. * RCCPL will invest ₹2,300 crore to expand Maihar unit's clinker production. * New grinding units will be set up at Prayagraj, Gaya, and Aligarh with an investment of ₹2,035 crore. * Cement demand in India is expected to grow at a CAGR of 6-7%. * Net debt reduced to ₹2,200 crore from ₹3,000 crore a year earlier; borrowing cost down to 7.56%. * Q1 sales volume grew 9% year-on-year; Perfect Plus sales grew 19%. * Sales in the east grew 18%, and in the west by 15%. * Green power consumption increased to 27% in the June quarter. * The company planted over 80,000 trees around its manufacturing facilities. * Birla Jute Mills delivered cash profits with improved efficiency; setting up solar power generation facility.
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Birla Corporation Limited filed this with the NSE as a statutory disclosure, categorised under capex. It is a primary document, not a recommendation, and the desk marks it high impact, which is the band that most often changes something.
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See the model portfoliosA plain-language summary of a public exchange filing by Birla Corporation Limited. Read the original for the full detail.